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PLEASE SHOW ALL WORK, THANK YOU!! FIN 301 Spring 2022 10. What is...

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Finance

PLEASE SHOW ALL WORK, THANK YOU!!

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FIN 301 Spring 2022 10. What is the price of a bond with a face value of $1,000, a coupon rate of 6% (paid annually), and 2 years to maturity if the YTM is 8%? 11. What is the price of a bond with a face value of $1,000, a coupon rate of 6% (paid semi-annually), and 2 years to maturity if the YTM is 8%? 12. Suppose a 10-year, $1000 bond with an 8% coupon rate and annual coupons is sold for $1034.74. What is the bond's YTM? a. b. Is the YTM higher or lower than the coupon rate? 3

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